Volume
At Price (VAP)

Description

The Volume at Price indicator adds horizontal
histograms, representing traded volume to bar, line and candlestick
charts. By default the VAP appears along the price axis, but this
can be changed to the left side of the screen using the properties
menu.

In the example below, 70% of the traded volume
is shaded a darker gray. The longest volume is shaded blue. Right-click
the data and click Properties to
configure these colors and other attributes.

Note:
You cannot apply the VAP technical indicator to Price Distribution
and Tick charts. VAP applied to a spread chart is based on price
updates to the spread chart. Each price update on either leg of
a spread chart is assigned a volume value of one.

Formula

Each horizontal bar is centered on the price
level and represents the relative total volume traded at that price.

The longest bar on the VAP technical indicator
extends to the percentage as defined in the Display Percentage property
setting. All other bars are in lengths proportional to the longest
bar.

Right-click the VAP and click Properties to modify Display Percentage and
other attributes. This includes setting the VAP for transactions
in a day (Reset Daily)
or a set number of bars (Reset Interval).

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